Selling or letting a property? Tips & decision support

Selling or letting a property: Which is the better choice?

The decision as to whether you should sell or let your property depends on many factors. Both options have advantages and disadvantages that need to be carefully weighed up. Here you can find out which aspects play a role in this decision.

Advantages of a sale

• Immediate liquidity: The sale brings in a large sum of money that you can use for new purchases, investments or as a pension.
• No more obligations: You no longer have to worry about repairs or maintenance.
• Flexibility: You part with the property completely and are no longer tied to it.

Advantages of letting

• Long-term return: Rent payments can be a stable source of income for years.
• Family planning: The property is retained and can later be used by children or grandchildren.
• Flexibility in sales: You can always sell the property later if the expense becomes too great.

Obligations as a landlord

As a landlord, you have numerous obligations:

• Maintenance of the property, e.g. repairs in the event of damage.
• Management of rental agreements and service charge invoices.
• Support for tenants with questions or problems.

You can either take on these tasks yourself or delegate them to an administrator, which incurs additional costs.

Individual consideration

Whether selling or letting your property is the better option depends on your personal situation and your goals. Factors such as the potential return, your willingness to manage and the long-term plans for your property all play an important role. A property expert can help you make the best decision.

Conclusion: sale or letting?

Both options have advantages and disadvantages. While selling brings financial freedom and independence, renting can be more lucrative in the long term. The decision requires individual consideration and a clear strategy.

Your contact at FLEXMAKLER
Robert Schüßler
Property valuer (EIA and IHK)

Note: This text is for information purposes only and does not constitute legal or tax advice. Please consult an expert if you have individual questions.